Huahong Hongli announced that the information disclosure obligor Shanghai Guosheng Co., Ltd. plans to purchase Huahong Group, the indirect controlling shareholder of the company, for an additional registered capital of 6.127 billion yuan with 19.099 billion yuan. After the transaction was completed, Guosheng Group's direct shareholding ratio of Huahong Group increased from 15.2854% to 41.6613%, and indirect ownership of Huahong Hongli shares increased from 72.24,000 shares to 197 million shares. This equity change is an adjustment in the state-owned capital layout within the Shanghai State-owned Assets Administration Commission system. The controlling shareholders and actual controllers of listed companies remain unchanged, and Guosheng Group has no plans to increase or decrease its holdings for the next 12 months.

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